secwatch.observer — SEC 8-K summary
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Issuer:     STAR GROUP, L.P. (SGU)
CIK:        0001002590
Form:       8-K
Filed at:   2023-09-26T23:59:59+00:00
Accession:  0000950170-23-049945
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Star Group amends credit facility; relaxes fixed charge coverage ratios temporarily
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- Petro, a Star subsidiary, signed first amendment to Sixth Amended and Restated Credit Agreement on Sept 26, 2023.
- Minimum fixed charge coverage ratio for distributions/repurchases reduced to 1.00:1.00 from Oct 31, 2023 to Feb 27, 2024.
- Same ratio reduction applies if availability under facility drops below 12.5% during the Relief Period.
- Temporary relief is intended to allow continued distributions and unit repurchases or support acquisition-related liquidity needs.
- Ratios revert to original levels after Feb 28, 2024; no other covenant changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002590/000095017023049945/0000950170-23-049945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002590/000095017023049945/sgu-20230926.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-049945

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